The government of Mozambique has approved ENI’s plan to invest $7.2 billion on the Coral Norte Floating LNG project, which will be an exact replica of the Coral Sul FLNG facility that exported its first cargo in late 2022. Coral Norte will extract reserves from the northern part of the Coral field, just as Coral Sul has been extracting from the southern part in Area 4 of the deepwater Rovuma basin in the Indian Ocean.
The approved project includes six subsea wells connected to an FLNG vessel with a capacity of 3.5 million tonnes per year, matching that of Coral Sul. If construction begins in 2025 as planned, production is expected to start in 2028, with the project lasting approximately 30 years.
The approval was announced on April 9, 2025, by Inocêncio Impissa, spokesman for Mozambique’s executive cabinet, during a press conference following the weekly government meeting in Maputo.
Source: africaoilgasreport.com
